Texas commercial foreclosures up 129 percent 

DALLAS (Dallas Morning News) – Commercial foreclosures across the state jumped by 129 percent year over year, according to the latest findings from Attom Data Solutions. They increased by 31 percent between February and March alone.

March 2024 saw 55 commercial foreclosures, according to the property data company’s latest research. That’s compared to 24 in March 2023. The March sum was enough for the fourth-highest in the country behind California (187), New York (61) and Florida (60). Higher interest rates coupled with a tougher lending environment have been the primary catalysts behind the growing number of defaults.

Steve Young with RE/MAX Office-817-276-5149/Mobile-682-472-6263